IRB Brasil Resseguros (BSP:IRBR3) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is IRB Brasil Resseguros Debt-to-Equity?

IRB Brasil Resseguros's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$0.00 Mil. IRB Brasil Resseguros's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$571.11 Mil. IRB Brasil Resseguros's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$4,257.40 Mil. IRB Brasil Resseguros's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for IRB Brasil Resseguros's Debt-to-Equity or its related term are showing as below:

BSP:IRBR3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.23
Current: 0.13

During the past 10 years, the highest Debt-to-Equity Ratio of IRB Brasil Resseguros was 0.23. The lowest was 0.13. And the median was 0.20.

BSP:IRBR3's Debt-to-Equity is ranked better than
64.75% of 383 companies
in the Insurance industry
Industry Median: 0.25 vs BSP:IRBR3: 0.13

IRB Brasil Resseguros Debt-to-Equity Historical Data

The historical data trend for IRB Brasil Resseguros's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IRB Brasil Resseguros Debt-to-Equity Chart

IRB Brasil Resseguros Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.23

0.21

0.13

IRB Brasil Resseguros Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.24	0.25	0.26	0.13

Competitive Comparison of IRB Brasil Resseguros's Debt-to-Equity

For the Insurance - Reinsurance subindustry, IRB Brasil Resseguros's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IRB Brasil Resseguros's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, IRB Brasil Resseguros's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where IRB Brasil Resseguros's Debt-to-Equity falls into.

IRB Brasil Resseguros Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IRB Brasil Resseguros's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	571.105)	/	4257.395
	=	0.13

IRB Brasil Resseguros's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	571.105)	/	4257.395
	=	0.13

IRB Brasil Resseguros (BSP:IRBR3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

IRB Brasil Resseguros Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of IRB Brasil Resseguros's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

IRB Brasil Resseguros (BSP:IRBR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IRB Brasil Resseguros SA (BSP:IRBR3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Marechal Camara, 171-Castelo, Rio de Janeiro, RJ, BRA, 20020901

Website

https://www.irbre.com

IRB Brasil Resseguros SA is a Brazil-based company provides reinsurance solutions. It offers reinsurance solutions for aviation, engineering, surety, financial, oil and gas, property, casualty, agricultural, cargo and marine, life and pension, and miscellaneous. The group offers solutions in both Brazil and international regions.

IRB Brasil Resseguros (BSP:IRBR3) Headlines

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